Xponance Inc. Sells 19 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Xponance Inc. decreased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529 shares of the bank’s stock after selling 19 shares during the period. Xponance Inc.’s holdings in First Citizens BancShares were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FCNCA. CWM LLC lifted its stake in shares of First Citizens BancShares by 35.5% in the 3rd quarter. CWM LLC now owns 187 shares of the bank’s stock valued at $257,000 after purchasing an additional 49 shares during the period. SG Americas Securities LLC boosted its stake in First Citizens BancShares by 28.1% during the third quarter. SG Americas Securities LLC now owns 1,526 shares of the bank’s stock worth $2,106,000 after acquiring an additional 335 shares in the last quarter. UMB Bank n.a. boosted its stake in First Citizens BancShares by 1,040.0% during the third quarter. UMB Bank n.a. now owns 57 shares of the bank’s stock worth $79,000 after acquiring an additional 52 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in First Citizens BancShares during the third quarter worth about $1,380,000. Finally, Commonwealth Equity Services LLC boosted its stake in First Citizens BancShares by 4.1% during the third quarter. Commonwealth Equity Services LLC now owns 303 shares of the bank’s stock worth $419,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Insider Activity

In related news, major shareholder Olivia Britton Holding acquired 466 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of $1,315.00 per share, with a total value of $612,790.00. Following the completion of the acquisition, the insider now directly owns 121,694 shares of the company’s stock, valued at $160,027,610. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other First Citizens BancShares news, major shareholder Olivia Britton Holding bought 466 shares of First Citizens BancShares stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $1,315.00 per share, with a total value of $612,790.00. Following the completion of the acquisition, the insider now owns 121,694 shares in the company, valued at $160,027,610. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hope Holding Bryant bought 300 shares of First Citizens BancShares stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $1,315.00 per share, with a total value of $394,500.00. Following the completion of the acquisition, the insider now owns 1,978 shares of the company’s stock, valued at approximately $2,601,070. The disclosure for this purchase can be found here. Insiders purchased 1,388 shares of company stock valued at $1,825,220 over the last three months. Insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FCNCA shares. StockNews.com lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Barclays started coverage on shares of First Citizens BancShares in a research note on Thursday, April 11th. They set an “equal weight” rating and a $1,850.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $1,800.00 price objective on shares of First Citizens BancShares in a research note on Monday, January 29th. UBS Group lifted their target price on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $1,650.00 target price (up from $1,600.00) on shares of First Citizens BancShares in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,768.63.

First Citizens BancShares Stock Up 9.8 %

FCNCA opened at $1,800.35 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.82. The firm has a 50 day moving average price of $1,572.77 and a 200-day moving average price of $1,475.21. First Citizens BancShares, Inc. has a twelve month low of $945.32 and a twelve month high of $1,810.03. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 2.29 and a beta of 0.89.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Friday, January 26th. The bank reported $46.58 earnings per share for the quarter, missing the consensus estimate of $48.49 by ($1.91). First Citizens BancShares had a net margin of 51.04% and a return on equity of 13.52%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Equities research analysts forecast that First Citizens BancShares, Inc. will post 179.92 earnings per share for the current year.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.